- Q1. What is the business of Chartered Speed Limited?
Chartered Speed runs a large self-owned bus fleet (~ 2,000+ buses) offering inter-city, intra-city, school, staff and shuttle transport across ~500 cities in India, carrying ~3.5 lakh passengers daily. - Q2. Why is the company raising funds via IPO?
Chartered is raising funds to buy electric buses, repay a large part of its debt and fund general corporate purposes – supporting expansion and financial strengthening. - Q3. What is the size of the issue and where will it list?
The issue size is approx ₹ 855 crore, and it will be listed on the NSE & BSE platform. - Q4. What are the risks to an investor?
Risks to investing in IPO includes dependence on long-term government and institutional contracts (annuity model) means revenues may be vulnerable to contract renewals and operational cost volatility pose additional risks. - Q5. What are the potential upsides?
Positive side to invest include increasing revenue, which has more than doubled in two years and FY25 saw ₹70 crore profit; fleet expansion including electric buses plus wide 500-city network offers growth potential as organized mobility demand rises. - Q6. How to apply for the IPO?
You can apply for the IPO via your brokerage/demat account when the IPO opens and follow IPO subscription steps (UAN, ASBA, etc). - Q 7. When is the tentative listing date?
Expected listing date is yet to be announced.
Upcoming
Chartered Speed Limited IPO
0
Rating
Chartered Speed Limited is a passenger-mobility company that operates inter-city and intra-city buses using a largely self-owned fleet. It provides affordable, scheduled transport services across six Indian states, serving around 3.5 lakh passengers daily.
Chartered Speed was incorporated in 2007 (as a private company) and became a public company in 2018.Mr. Pankaj Gandhi is Chairman & Managing Director of the company.
Chartered Speed runs a large fleet of buses as inter-city, intra-city, school staff transport, public-transport (BRTS) and bus-rental services – covering six states.It operates over 2,000 buses across ~500 cities and serves about 3.5 lakh passengers daily.
Subscription date to apply for Chartered Speed Limited is yet to be announced. Price band for the IPO is also pending to be declared.
Revenue, PAT, EBITDA
|
Year
|
2025
|
|---|---|
|
Networth
|
₹ 66.9 Cr
|
|
Revenue
|
₹ 666.8 Cr
|
|
EBITDA
|
₹ 210.8 Cr
|
|
PAT
|
₹ 70.1 Cr
|
|
EBITDA Margin
|
~31.62%
|
|
PAT Margin
|
~10.51%
|
|
Face Value
|
Rs.05 per Equity Share
|
IPO Important Dates
|
#
|
Date
|
|---|---|
|
Open Date
|
TBA
|
|
Close Date
|
TBA
|
|
Anchor Investor Bidding
|
TBA
|
|
Allotment Date
|
TBA
|
|
Refunds& Demat Credit
|
TBA
|
|
Tentative Listing Date
|
TBA
|
Use Of Proceeds
|
Purpose
|
Amount
|
|---|---|
|
|
Borrowing payment
|
|
₹ 396.47 Cr
|
Purchasing Electric Buses
|
|
₹ 98 Cr
|
-
|
|
-
|
-
|
|
-
|
-
|
|
General Corporate Purpose
|
Balance
|
Financial Data
|
#
|
2023
|
2024
|
2025
|
|---|---|---|---|
|
Revenue (₹ Cr)
|
₹ 332.1
|
₹ 347.3
|
₹ 666.8
|
|
PAT (₹ Cr)
|
₹ -8.3
|
₹ -5.5
|
₹ 70.1
|
|
Asset (₹ Cr)
|
₹ 187.3
|
₹ 548.8
|
₹ 727.0
|
|
Net Worth (₹ Cr)
|
₹ -20.2
|
₹ -14.5
|
₹ 66.9
|
IPO Grey Market Premium
|
Date
|
IPO Price
|
IPO GMP
|
Profit Per Lot
|
|---|---|---|---|
|
17-July
|
₹ –
|
₹ –
|
₹ –
|
|
16-July
|
₹ –
|
₹ –
|
₹ –
|
|
15-July
|
₹ –
|
₹ –
|
₹ –
|
|
14-July
|
₹ –
|
₹ –
|
₹ –
|
|
13-July
|
₹ –
|
₹ –
|
₹ –
|
Promoters – Pre offer equity (Approx)
|
Promoters
|
% Shares
|
|---|---|
|
Pankaj Gandhi
|
~58.07%
|
|
Alka Pankaj Gandhi
|
~38.58%
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
Lot Size details
|
Application Type
|
Lot Size
|
No. of Lot
|
No. of Shares
|
Investment Amount
|
|---|---|---|---|---|
|
Retail (Min)
|
–
|
1
|
–
|
₹ –
|
|
Retail (Max)
|
–
|
13
|
–
|
₹ –
|
|
HNI (Min)
|
–
|
14
|
–
|
₹ –
|
|
HNI (Max)
|
–
|
66
|
–
|
₹ –
|
|
Big HNI (Min)
|
–
|
67
|
–
|
₹ –
|
Key Performance Index (KPI)
|
ROE
|
00
|
|---|---|
|
ROCE
|
00
|
|
RoNW
|
00
|
